viet kieu
This post comes out of a conversation I had with my friend Prithvi, who has years of experience in the outsourcing industry both here and in China and other countries.
Outsourcing is a huge industry here in Vietnam. It solves several problems for Vietnam. First, it brings in much needed income. Second, it does so without requiring a high ratio of expensive imported inputs (compare this to making shoes which are exported for a cheap price, but most of the costs come from materials which must be imported). Third, it helps advance domestic use of technology, which should make all industries more efficient.
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